US Spot NGLs Prices Finish Lower with NYMEX Oil Futures
7/15 4:45 PM
US Spot NGLs Prices Finish Lower with NYMEX Oil Futures ORANGE BEACH, Ala. (DTN) -- U.S. spot NGLs prices finished broadly lower at the major supply hubs Monday, pressured by retreating New York Mercantile Exchange oil futures. At settlement, NYMEX August West Texas Intermediate crude oil futures were 63cts lower at 59.58 bbl while nearby RBOB futures were down 4.67cts at $1.9303 gallon. Spot propane traded thinly at the key supply hubs Monday with the exception of the Hattiesburg hub where a more-than-normal 20,000 bbl transacted. At Mont Belvieu, LST spot propane slid 1cts Monday at 49.25cts gallon while Enterprise spot propane traded 1.375cts lower at 45.5cts gallon. Conway spot propane changed hands at 35.75cts gallon, down 1cts, and Hattiesburg finished 0.5cts lower at 51cts gallon. In other U.S. NGLs spot markets, Mt. Belvieu non-LST normal butane dropped 3cts at 51cts gallon while Conway normal butane slid 1cts to 38cts gallon. Non-LST isobutane traded Monday afternoon at 71.25cts gallon, down 0.75cts, and Conway isobutane was done 1cts lower at 45cts gallon. Mt. Belvieu non-LST natural gasoline dropped 3cts at 114.5cts gallon while Conway natural gasoline slid 2.25cts at 110.25cts gallon. Non-LST e/p mix and Conway e/p mix both edged down 0.125cts Monday, with the former valued at 15cts gallon and the latter at 6.25cts gallon. Gulf Coast purity traded 0.25cts higher at 16.5cts gallon. In related markets, NYMEX August natural gas futures settled 4.5cts lower at $2.408 MMBtu. Alton Wallace, 1.832.646.9229, Alton.Wallace@dtn.com, www.dtn.com. (c) 2019 DTN. All rights reserved.